Pakistan Mercantile Exchange Limited (PMEX) has announced a strategic investment in Naymat Collateral Management Company Limited (NCMCL), reinforcing its commitment to support the building of modern storage infrastructure for regulated commodity and agricultural markets in Pakistan.
Pursuant to the Board of Directors of PMEX approvingthe investment for the acquisition andfollowing regulatory approval from the Securities and Exchange Commission of Pakistan (SECP), PMEX has acquired a majority stake, making NCMCL a subsidiary of the Exchange.
This acquisition is expected to significantly enhance Naymat’s capabilities in providing collateral management service and warehousing—critical building blocks for developing efficient, transparent, and delivery-backed agricultural markets in Pakistan.
The development comes at a pivotal time as PMEX accelerates its efforts to launch physically deliverable agricultural commodity futures trading. PMEX has listed key agricultural commodities including wheat, rice, sugar, and maize, aimed at creating a structured and regulated marketplace for these essential products.
Commenting on the development, Mr. Khurram Zafar, CEO, PMEX, said: “The acquisition of NCMCL is a strategic step towards strengthening the infrastructure required for physically deliverable commodity markets in Pakistan. It will support the development of a more transparent, efficient, and secure ecosystem for participants across the agricultural value chain.”
PMEX continues to work under the guidance and regulatory oversight of SECP to promote regulated commodity trading, transparent price discovery, and improved market access through robust and modern exchange infrastructure.
